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July 17, 2014
09:38 EDTUALUnited Continental says expects to record special charges of $169M for Q2
The company said in a filing that it expects to record special charges of $169M for Q2. Special charges including costs associated with permanently grounding Embraer ERJ 135 aircraft: The company recorded $66M for the permanent grounding of 21 of the company’s Embraer ERJ 135 regional aircraft under lease through 2018, which includes an accrual for remaining lease payments and an amount for maintenance return conditions. As a result of the current fuel prices, new Embraer 175 regional jet deliveries and impact of pilot shortages at regional carriers, the company decided to permanently ground these 21 Embraer ERJ 135 aircraft. The company continues to operate nine Embraer ERJ 135 aircraft and will evaluate the possibility of grounding those aircraft when the current capacity purchase contracts end during the fourth quarter of 2014. he company recorded $32M related primarily to impairment of its flight equipment held for disposal associated with its Boeing 737-300 and 737-500 fleets. The company incurred losses on sales of aircraft and other assets and other special charges totaling $16M during the three months ended June 30, 2014.
News For UAL From The Last 14 Days
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November 25, 2015
12:32 EDTUALUnited to offer pilots 13% pay increase in 2016, Bloomberg reports
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November 20, 2015
18:52 EDTUALUnited Continental, ALPA reach agreement in principle to extend pilot contract
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November 16, 2015
17:10 EDTUALSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).

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